high purity LG Vina asks Hanoi to tax DOP imports

  • high purity LG Vina asks Hanoi to tax DOP imports
  • high purity LG Vina asks Hanoi to tax DOP imports
  • high purity LG Vina asks Hanoi to tax DOP imports
  • What will happen if Vietnam's 0% VAT proposal is accepted?
  • If the Vietnam Federation of Commerce and Industry’s proposed draft is accepted, some industries will lose the 0% tax incentive. For instance, industries tied to software and IT will no longer benefit from the 0% VAT incentive when entering into agreements with foreign companies.
  • How do customs valuations work in Vietnam?
  • In terms of customs valuation, Vietnam largely adheres to the WTO Valuation Agreement with a few variations. The dutiable value of imported goods is typically based on the transaction value, including the price paid or payable for the imported goods, suitably adjusted for certain dutiable or non-dutiable elements.
  • Are EZs a catalyst for economic growth in Vietnam?
  • The government initially intended for EZs to serve as primary catalysts for regional economic growth. However, unlike in China and other countries, Vietnam’s EZs have become akin to ordinary EPZs in terms of the tax incentives they provide to investors.
  • Are on-spot imported goods exempt from import duty?
  • On-spot imported goods for processing are exempt from import duty if the importer satisfies conditions a and b above. Goods imported to produce export goods are exempt from import tariffs. Furthermore, Decree 18 provides additional guidance:
  • Does Vietnam comply with WTO requirements?
  • Vietnam’s export restrictions now conform to WTO requirements, and the country has fully applied the Technical Barriers to Trade and Sanitary and Phytosanitary Measures agreements of the WTO. More specifically, Vietnam has done the following changes in order to fulfill its commitments:
  • Why is Vietnam a part of the WTO's Information Technology Agreement?
  • Since its WTO accession, Vietnam has been a part of the WTO’s Information Technology Agreement. For related products like computers, mobile phones, and modems, the signatory countries agreed to allow imports of these goods to enter duty-free, promoting the technology sector’s growth and competitiveness.

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